Rigetti Computing to release first-quarter 2026 earnings report
Updated
Updated · ts2.tech · May 3
Rigetti Computing to release first-quarter 2026 earnings report
10 articles · Updated · ts2.tech · May 3
The May 11 after-hours update follows its 108-qubit Cepheus-1-108Q launch, with Wall Street expecting a 5-cent-per-share loss on $3.3 million in revenue.
Shares closed at $17.50, valuing Rigetti at about $5.69 billion, as investors assess whether recent system orders, cloud access and Amazon Braket availability can support steadier sales.
Rigetti reported just $7.1 million of 2025 revenue against a $216.2 million GAAP net loss, though it ended the year with $589.8 million in cash and plans up to $100 million of UK investment.
With competitors like IonQ rapidly outpacing Rigetti in revenue and fidelity, what must Rigetti do to avoid being left behind?
Is the quantum industry's obsession with qubit counts overshadowing the urgent need for sustainable, real-world business models?